@BusinessDaily

What the new global accounting standards mean for your business

15 days ago, 13:31

By: Ndirangu Ngunjiri

The new accounting rules requiring banks to take upfront charges against possible losses through the full life of a loan promise damaging pro-cyclicality. We are all going to be hearing a lot more this year about IFRS 9, requiring banks to recognise expected loan losses even before borrowers miss a single interest or principal repayment. This is a big change. Over the past few years, Kenyan banks have been preparing for the implementation of International Financial Reporting Standard 9, a new ac ...
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@BusinessDaily

What the new global accounting standards mean for your business

15 days ago, 13:31

By: Ndirangu Ngunjiri
The new accounting rules requiring banks to take upfront charges against possible losses through the full life of a loan promise damaging pro-cyclicality. We are all going to be hearing a lot more this year about IFRS 9, requiring banks to recognise expected loan losses even before borrowers miss a single interest or principal repayment. This is a big change. Over the past few years, Kenyan banks have been preparing for the implementation of International Financial Reporting Standard 9, a new ac ...
Read More

Category: business corporate news lifestyle economy opinion markets

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@BusinessDaily - By: Muthoki Mumo
Somen brothers link up in tech startup

David Somen has joined his brother Jonathan Somen’s cloud services startup, Eldama Technologies ...

Category: business news corporate
8 hours ago, 17:20
@DailyNation - By: Paul Redfern
Experts warn of Africa’s new debt crisis

Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one was said to have been resolved. ...

Category: topnews news business
1 hours ago, 23:42
@StandardMedia - By: Lee Mwiti
Processor cuts raw milk and retail prices on over-supply

Farmers are the biggest losers in the wake of a tumble in shelf prices following increased production in the last... ...

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